Teligent (TLGT) Reaches New 52-Week Low at $0.82
Shares of Teligent Inc (NASDAQ:TLGT) hit a new 52-week low during trading on Tuesday . The stock traded as low as $0.82 and last traded at $0.86, with a volume of 2015650 shares trading hands. The stock had previously closed at $1.00.
TLGT has been the topic of several recent analyst reports. ValuEngine raised Teligent from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd. Raymond James lowered Teligent from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, March 19th.
The company has a quick ratio of 0.98, a current ratio of 1.48 and a debt-to-equity ratio of 7.58. The company has a market cap of $53.40 million, a P/E ratio of -2.60 and a beta of 1.55.
Institutional investors have recently bought and sold shares of the business. New Jersey Better Educational Savings Trust boosted its stake in Teligent by 11.1% in the fourth quarter. New Jersey Better Educational Savings Trust now owns 100,000 shares of the company’s stock worth $137,000 after purchasing an additional 10,000 shares in the last quarter. Sanders Morris Harris LLC boosted its stake in Teligent by 6.1% in the fourth quarter. Sanders Morris Harris LLC now owns 1,545,032 shares of the company’s stock worth $2,117,000 after purchasing an additional 88,585 shares in the last quarter. AMI Asset Management Corp boosted its stake in Teligent by 1.9% in the fourth quarter. AMI Asset Management Corp now owns 2,714,292 shares of the company’s stock worth $3,719,000 after purchasing an additional 50,558 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Teligent by 15.9% in the third quarter. Wells Fargo & Company MN now owns 123,329 shares of the company’s stock worth $488,000 after purchasing an additional 16,919 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in Teligent in the third quarter worth $172,000. 64.73% of the stock is currently owned by institutional investors.
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Teligent Company Profile (NASDAQ:TLGT)
Teligent, Inc, a specialty generic pharmaceutical company, develops, manufactures, and markets generic topical, branded generic, and generic injectable pharmaceutical products in the United States and Canada. The company sells generic pharmaceutical products in topical, injectable, complex, and ophthalmic dosage forms.
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